Vanar Chain/USDC (VANRYUSDC) Market Overview for 2025-11-11

Summary
• Price formed a bullish breakout pattern late ET with a closing high of 0.0143.
• Volatility remained low for most of the session, with a late surge in volume confirming higher highs.
• RSI suggests overbought conditions at the close, hinting at possible near-term resistance.

The Vanar Chain/USDC (VANRYUSDC) pair opened at 0.0139 on 2025-11-10 at 12:00 ET, reached a high of 0.0143, a low of 0.0136, and closed at 0.014 on 2025-11-11 at 12:00 ET. Total traded volume was 8,821,006.0, with a notional turnover of $123,000 (approximate based on average price). Price action showed a moderate bullish bias, with buyers asserting control in the final hours of the session.

Structure & Formations

Price action formed a bullish flag pattern during the late ET hours, with key support levels identifiable around 0.0139 and 0.0137. A notable bullish engulfing pattern emerged at 00:30 ET, confirming a break above consolidation. Resistance appears to be forming near 0.0143, where price previously peaked and retraced. A doji at 04:45 ET signaled indecision, suggesting a potential pause before the next directional move.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bullish crossover in the late ET window, reinforcing the recent upward bias. On the daily chart, the 50- and 100-period MAs are close, with the 200-period MA acting as a minor support level around 0.0138. Price is currently above both the 20- and 50-period MAs on the 15-minute chart, indicating short-term bullish momentum.

MACD & RSI

The MACD showed a positive histogram and crossed above the signal line in the final hours of the session, aligning with the breakout move. RSI reached overbought territory (70+) at the 01:30 ET candle, indicating potential near-term correction. However, divergence was not observed between price and RSI, suggesting the move could still be supported.

Bollinger Bands

Price spent much of the session near the lower band of the Bollinger Band, indicating a period of low volatility. A sharp move in the final hours took price near the upper band, signaling increased volatility. A narrowing of the bands occurred during the overnight hours, suggesting a potential breakout or expansion of volatility ahead.

Volume & Turnover

Volume spiked late in the session, especially from 01:30 ET onward, confirming the breakout above 0.0143. The highest notional turnover occurred during the 01:30–03:00 ET window, coinciding with the formation of a bullish flag and the move to the session high. No significant divergences between price and volume were observed, suggesting the move is likely supported by genuine buying interest.

Fibonacci Retracements

Applying Fibonacci levels to the most recent 15-minute swing (from 0.0136 to 0.0143), key retracement levels of 38.2% (0.0140) and 61.8% (0.0138) acted as support and resistance, respectively. On the daily chart, retracements suggest 0.0140–0.0145 as a potential overbought zone, reinforcing the current price proximity to these levels.

Backtest Hypothesis

A potential backtesting strategy for Vanar Chain/USDC would involve using RSI (14-period) to identify overbought (RSI > 70) and oversold (RSI < 30) signals on the 15-minute chart. Given the recent breakout and overbought RSI reading, a sell signal could be triggered, but only if accompanied by a divergence or volume contraction. Entry and exit would be based on the next candle’s open, with a stop-loss set at 5% below entry and a target of 15%. This approach aligns with the observed momentum and could be tested using historical data from the past week.